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Salary increments expected to range from 2% to 5% in 2025 in Singapore?
Employees in Singapore could see salary increments ranging from 2 per cent to 5 per cent on average in the coming year, though the outlook varies across sectors, according to recent salary surveys by human resources (HR) firms.
Aon, which surveyed more than 950 companies in Singapore and five other South-east Asian countries, found that Singapore employees are poised to receive pay rises of 4.4 per cent, lagging behind places such as Indonesia and Thailand. The highest salary increase in the region is projected at 6.7 per cent in Vietnam.
Consultancy firm Mercer similarly expects employers in Singapore to offer a 4 per cent increase in employees’ salaries.
Meanwhile, global talent firm Robert Walters said employees staying on with their current companies could see their salaries increase by 2 per cent to 5 per cent to align with inflation.
Industry-Specific Growth:
I believe certain sectors, like tech and healthcare, might see bigger salary bumps in 2025. With tech always advancing and healthcare in high demand, these areas could offer higher pay as they try to snag top talent. From HR firms, they got more ideas:
Role-Specific Increases:
Strategic roles and niche positions tend to get better raises due to their specialized skills. If your job directly impacts company strategy or requires unique expertise, you might be in line for a better increase.
Catching Up with Market Rates:
For those who've fallen behind market salary trends, 2025 might be the year to catch up. A job switch could be the ticket to better pay, as companies often offer attractive packages to new hires. This could be a chance for a significant salary boost.
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